Claros Mortgage Trust (NYSE:CMTG) Trading Down 5.4% – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG) traded down 5.4% during trading on Monday . The company traded as low as $3.98 and last traded at $4.01. 169,439 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 345,375 shares. The stock had previously closed at $4.24.

Wall Street Analysts Forecast Growth

CMTG has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. UBS Group decreased their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Keefe, Bruyette & Woods boosted their price target on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company downgraded shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, Claros Mortgage Trust has an average rating of “Hold” and a consensus target price of $7.44.

Claros Mortgage Trust Stock Down 1.9 %

The firm has a market capitalization of $579.75 million, a price-to-earnings ratio of -6.60 and a beta of 1.52. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. The business’s 50 day moving average is $6.42 and its 200-day moving average is $7.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Claros Mortgage Trust by 332.1% in the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock worth $1,037,000 after acquiring an additional 106,289 shares during the period. Zacks Investment Management lifted its position in Claros Mortgage Trust by 26.1% in the third quarter. Zacks Investment Management now owns 331,865 shares of the company’s stock worth $2,486,000 after purchasing an additional 68,749 shares during the period. State Street Corp lifted its position in Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after purchasing an additional 6,882 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in Claros Mortgage Trust during the third quarter worth $2,552,000. Finally, PDT Partners LLC bought a new stake in Claros Mortgage Trust in the 3rd quarter valued at $208,000. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.